Trump Launches Commercial Attack On India | US Drive To Straighten Our Trade Imbalances

Trump Launches Commercial Attack On India | US Drive To Straighten Our Trade Imbalances
Trump Launches Commercial Attack On India | US Drive To Straighten Our Trade Imbalances Trump Launches Commercial Attack On India

US President Donald Trump has broadcasted his intent to terminate the preferential trade treatment for India.

He has not minced any words while being critical of New Delhi who he says has failed to prove to Washington that it will provide “equitable and reasonable” access to its markets.

RT America’s John Huddy and Rick Sanchez in the center of the breaking news as they report on the latest from the India-Pakistan friction. The move comes under the backdrop of a US and China exit from a costly trade war between the 2 countries.

This is seen as part of the Trump administration’s energies channelized to address what it views as unbalanced commercial relationships with other states. This means the immediate scrapping of the Generalized System of Preferences (GSP) program is on the cards unless India complies with the statutory eligibility criteria.

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Sources:

Rt America, NDTV, The Independent BD

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